This Is What Land Flipping Looks Lik
A land flipper reports active deals to their coach, including a Tennessee property being bought for $30K and sold for $40K closing this Friday. They also mention an assignment deal in Texas sourced from their coaching group and a promising Alabama lead with a potential $60K profit margin.
Summary
In this brief coaching check-in, a land flipping student updates their coach on multiple active deals across three states. The first deal involves a Tennessee property where the student is buying for $30,000 and selling for $40,000, with the new buyer covering all closing costs. The paperwork for this transaction is expected to close on Friday.
The student also references a second deal — an assignment in Texas — which was sourced directly through the coaching program or group ('from you guys'). Details on this deal are limited in the transcript.
Finally, the student mentions a promising lead in Alabama, where they are looking to purchase a property for approximately $40,000 and sell it for around $100,000, representing a potential gross profit of approximately $60,000. The student appears engaged and actively managing a pipeline of land deals simultaneously.
Key Insights
- The speaker is buying a Tennessee property for $30K and selling for $40K, with the buyer covering all closing costs, netting a cleaner margin on the deal.
- The speaker expects all paperwork for the Tennessee deal to close this Friday, indicating an imminent transaction.
- The speaker sourced a Texas assignment deal directly through the coaching group ('from you guys'), suggesting the program provides deal flow or leads to members.
- The speaker is working an Alabama lead where they aim to buy for around $40K and sell for approximately $100K, targeting a ~$60K gross profit.
- The speaker is simultaneously managing deals in three different states — Tennessee, Texas, and Alabama — reflecting a multi-market land flipping approach.
Topics
Full transcript available for MurmurCast members
Sign Up to Access